Florida consumer advocates propose new FPL deal to halve rate hikes

Florida consumer advocates propose new FPL deal to halve rate hikes

In an unusual move, multiple groups advocating for utility customers filed an alternative proposal Tuesday that they said should resolve Florida Power & Light’s rate case. Signing onto this settlement is the Office of Public Counsel, the Legislature-appointed advocate for all utility customers statewide. One entity that opposes the deal: Florida Power & Light. The new proposal would roughly halve the company’s original request to hike customer r…

FPL Rejects Joining OPC, Nonprofit Rate Hike Settlement

Florida — Today, Florida Power & Light (FPL) rejected joining a settlement brought forth by the Office of Public Counsel (OPC), Floridians Against Increased Rates, and EarthJustice — representing Florida Rising and League of Latin American Citizens. The proposal outlines slashing FPL’s rate request nearly in half and lowers the return on equity (ROE) below the current level. Even with the parties’ proposed settlement, this would have continued t…

Consumer advocates file counter proposal to FPL rate settlement ahead of October hearing

Ratcheting up a battle about a proposed Florida Power & Light rate settlement, opponents have offered a “counter proposal” that would trim potential increases over the next four years. FPL quickly criticized the new proposal, which was filed Tuesday by the state Office of Public Counsel — an agency designated in law to represent consumers in utility issues — and four groups that are parties in the FPL case. The new filing appeared to put down a …

Filing Adds Fuel to FPL Rate Fight

TALLAHASSEE — Ratcheting up a battle about a proposed Florida Power & Light rate settlement, opponents have offered a "counter proposal" that would trim potential increases over the next four years.